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Galileo Mining Ltd.
Summary
| Project: | Fraser Range | |
|---|---|---|
| Deposit: | Empire Rose | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 7/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-7-2019: Galileo Mining Ltd. announces an Exploration/Drilling Update report for its Empire Rose deposit at the Fraser Range project. Drilling results incl. 1m @ 0.25ppm Au, 0.8ppm Ag, 301ppm Cu, 504ppm Zn from 420m. Galileo Mining Ltd (ASX: GAL, “Galile | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brad Underwood (Internal) | |
| ABSTRACT: | Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce the initial assays from its first diamond drilling program at the Empire Rose Prospect in Western Australia’s highly prospective Fraser Range Belt. 149 assays from two diamond drill holes at the Empire Rose prospect have been received. A further 186 assays are pending for the Empire Rose prospect and 134 assays are pending for the Yardilla South gold prospect. The assays from Empire Rose show anomalous levels of gold up to 0.25 g/t associated with sulphide mineralisation in drill core. Sulphide levels vary between three and fifteen per cent through mineralised zones up to 20 metres thick. Electro-magnetic (EM) surveying has proven to be an effective tool in defining sulphide mineralisation at Empire Rose and additional EM surveys are being planned to locate new drill targets along strike. Significant potential exists at the Empire Rose prospect for higher grade gold mineralisation associated with sulphides along strike of the recent drilling. Galileo Mining Managing Director Brad Underwood said: “The Fraser Range is an under-explored mineral province with the existing prospectivity for Nova style nickel deposits complemented by the emerging prospectivity for gold and other base metals. Galileo will continue to follow up all opportunities to make discoveries to create value for our shareholders.” | |
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